Governor of Benue State Samuel Ortom, today lunched 50 tractors purchased by the Benue State government to boost agricultural production in the state. In a statement released by Terver Akase, Chief Press Secretary, the governor was quoted as saying;
“My dear good people of Benue State, the Tractors being launched today were procured at the cost of N13,997.000.00 (Thirteen Million, Nine Hundred and Ninety-Seven Thousand Naira) per unit and are highly subsidized by Government. Beneficiaries are therefore to pay only 40% of the cost of the Tractors, while the State Government pays the remaining 60% of the cost.
This implies that of the subsidized cost, beneficiaries will pay the sum of N5,600,000.00 per Tractor, while Government will bear the remaining 60% cost of N8,397,000.00 (Eight Million, Three Hundred and Ninety-Seven Thousand Naira) per unit of Tractor. This gesture is to enable our farmers afford the Tractors.”
